Jefferies Group LLC Increases NEXT plc (LON:NXT) Price Target to GBX 4,600
NEXT plc (LON:NXT) had its price objective upped by equities research analysts at Jefferies Group LLC from GBX 3,850 ($50.14) to GBX 4,600 ($59.90) in a research note issued to investors on Friday. The brokerage currently has an “underperform” rating on the stock. Jefferies Group LLC’s target price would indicate a potential upside of 4.43% from the stock’s current price.
NXT has been the subject of several other research reports. Barclays PLC reiterated an “underweight” rating and issued a GBX 3,900 ($50.79) target price on shares of NEXT plc in a research note on Tuesday, August 1st. Deutsche Bank AG reiterated a “hold” rating on shares of NEXT plc in a research note on Tuesday, August 1st. HSBC Holdings plc reiterated a “reduce” rating and issued a GBX 3,360 ($43.76) target price on shares of NEXT plc in a research note on Friday, June 30th. J P Morgan Chase & Co reiterated a “neutral” rating and issued a GBX 4,580 ($59.64) target price on shares of NEXT plc in a research note on Tuesday, May 2nd. Finally, Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and issued a GBX 4,250 ($55.35) target price on shares of NEXT plc in a research note on Tuesday, June 20th. Seven investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of GBX 4,531 ($59.01).
Shares of NEXT plc (NXT) opened at 4390.00 on Friday. The firm has a 50-day moving average of GBX 3,925.77 and a 200-day moving average of GBX 4,065.34. NEXT plc has a 52 week low of GBX 3,565.00 and a 52 week high of GBX 5,705.00. The firm’s market cap is GBX 6.26 billion.
In related news, insider Caroline Goodall purchased 450 shares of the firm’s stock in a transaction dated Monday, August 7th. The shares were purchased at an average cost of GBX 4,294 ($55.92) per share, for a total transaction of £19,323 ($25,163.43). Also, insider Michael J. Roney purchased 9,061 shares of the firm’s stock in a transaction dated Thursday, August 3rd. The shares were bought at an average price of GBX 4,386 ($57.12) per share, for a total transaction of £397,415.46 ($517,535.43).
NEXT plc Company Profile
NEXT plc is a United Kingdom-based retailer offering clothing, footwear, accessories and home products. The Company’s segments include NEXT Retail, a chain of over 500 stores in the United Kingdom and Eire; NEXT Directory, an online and catalogue shopping business with over four million active customers and international Websites serving approximately 70 countries; NEXT International Retail, with approximately 200 mainly franchised stores; NEXT Sourcing, which designs and sources NEXT branded products; Lipsy, which designs and sells Lipsy branded younger women’s fashion products, and Property Management, which holds properties and property leases which are sub-let to other segments and external parties.
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